# In the matter of Haridra Vintrade Private Limited

> NCLT judgment dated 2025-11-25. Citation: TCN-2025-NCLT-01830. UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against…

- **Court:** NCLT
- **Order date:** 25 Nov 2025
- **Citation:** TCN-2025-NCLT-01830
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/haridra-vintrade-private-limited-9d9cfed2

## Summary

### Background

UCO Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Haridra Vintrade Private Limited, seeking initiation of CIRP due to outstanding dues of Rs. 2,59,72,349.97.

## Facts

UCO Bank, the Financial Creditor, filed a petition under Section 7 of the IBC against Haridra Vintrade Private Limited.

The Corporate Debtor defaulted on a payment of Rs. 2,59,72,349.97 as of 30.03.2023.

The Corporate Debtor's account was classified as NPA on 30.03.2023.

The Financial Creditor had sanctioned a Working Capital Limit of Rs 2,50,00,000/- to the Corporate Debtor.

The Financial Creditor relied on various documents, including a Sanction Letter, Statement of Account, Registration of Charge, and Resolution and Security documents.

The Adjudicating Authority directed the Financial Creditor to file an affidavit regarding the correctness of the address of the Corporate Debtor.

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## Issues and analysis

### Issue 1: Whether the application under Section 7 of …

**Ratio:** The application is complete in terms

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**Reasoning:** The Applicant/Financial Creditor is entitled to claim its dues, establishing the default

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**Interpretation:** The Adjudicating Authority must assess the records provided by the financial

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**Application:** The Adjudicating Authority found the

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## Parties

- **Judges:** Labh S…; Rekha Kantilal…
- **Appellants:** UCO B…
- **Respondents:** HARIDRA VINTRADE…
- **Other parties:** Soumitra…
- **Advocates:** A. R…

## Timeline

- **2019-01-24 — Incorporation of…**: The Corporate Debtor was…
- **2022-05-15 — Loan Sanction…**: Financial Creditor issued a loan…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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